Income Statements

Financial Statements and Supplementary Data

(In millions, except per share amounts)
Year Ended June 30,	2013	2012	2011
Revenue	$ 77,849	$ 73,723	$ 69,943
Cost of revenue	20,249	17,530	15,577
Gross profit	57,600	56,193	54,366
Operating expenses:
Research and development	10,411	9,811	9,043
Sales and marketing	15,276	13,857	13,940
General and administrative	5,149	4,569	4,222
Goodwill impairment	0	6,193	0
Total operating expenses	30,836	34,430	27,205
Operating income	26,764	21,763	27,161
Other income	288	504	910
Income before income taxes	27,052	22,267	28,071
Provision for income taxes	5,189	5,289	4,921
Net income	$ 21,863	$ 16,978	$ 23,150
Earnings per share:
Basic	$ 2.61	$ 2.02	$ 2.73
Diluted	$ 2.58	$ 2.00	$ 2.69
Weighted average shares outstanding:
Basic	8,375	8,396	8,490
Diluted	8,470	8,506	8,593
Cash dividends declared per common share	$ 0.92	$ 0.80	$ 0.64
See accompanying notes. COMPREHENSIVE INCOME STATEMENTS
(In millions)
Year Ended June 30,	2013	2012	2011
Net income	$ 21,863	$ 16,978	$ 23,150
Other comprehensive income (loss):
Net unrealized gains (losses) on derivatives (net of tax effects of $(14), $137, and $(338))	(26)	255	(627)
Net unrealized gains (losses) on investments (net of tax effects of $195, $(210), and $567)	363	(390)	1,054
Translation adjustments and other (net of tax effects of $(8), $(165), and $205)	(16)	(306)	381
Other comprehensive income (loss)	321	(441)	808
Comprehensive income	$ 22,184	$ 16,537	$ 23,958

See accompanying notes.